Nifty directions and levels for #October19

19 באוק׳ 2023

"Good morning, friends! As of October 19th, the global market sentiment is negative, as indicated by the Dow Jones. However, our market is moderately bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback (23% to 38% Fibonacci level). On the other hand, if the correction breaks the immediate support level, then the correction is likely to continue.